Gold steadies in Asian markets as US jobs data awaited
Gold steadied at the start of Asian trading ahead of US jobs data due Friday, while futures retreated after US inflation data came in below expectations.
Gold prices steadied at the start of Asian trading on Thursday as investors awaited US jobs data due on Friday for clues about the path of interest rates.
Spot gold was at $4,146.66 an ounce, while US gold futures for December delivery fell 0.3% to $4,177.
Data released on Wednesday showed US inflation rose by less than expected in August, reducing expectations that the Federal Reserve would raise interest rates in October.
In other precious metals, spot silver fell 0.4% to $60.17 an ounce, platinum slipped 0.1% to $1,704.95, while palladium fell 0.4% to $1,200.85.
